Property summary
This exceptional commercial property, located at 40 E Ferguson Avenue in Wood River, Illinois, presents a unique investment opportunity. The building, formerly home to Meyer Jewelry Studio and Kristen's Hair Studio, boasts a total of 2,572 square feet of usable space. A significant advantage is the inclusion of a 25 x 18 foot attached garage located at the rear of the building, providing additional storage or workspace. A full basement offers further potential for expansion or storage. The property's prime location is enhanced by its proximity to a city-owned access path, providing convenient access to a public parking lot. Recent upgrades include a new HVAC system and water heater (installed in 2017/2018) and a new roof (2020). The lot size is 3,049 square feet. The property is being sold "As-Is." This versatile space is perfect for a variety of commercial uses and represents a compelling opportunity for savvy investors seeking a well-maintained building in a desirable downtown location. The property is zoned for commercial use and is situated in Madison County, Illinois, zip code 62095.
Property profile
VerifiedCap rate & NOI
Current use
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Local History Museum
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Hair Salon Nail Salon
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Hair Salon Nail Salon
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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